All depends on the pressure the system holds and the boiling point of the coolant. Just don't want any boiling.
I don't know enough to comment on how the transmission cooler might be interacting with engine heat rejection to possibly cause the temps you are seeing. Might need to drop down a gear.
I would for sure be careful cooling it down before shutting it off when its been running up there. Does it have a D333? Always heard the heads weren't the most durable of CAT designs and are scarce like hen's teeth!
Some of that age tractors had a coolant pressure gauge and the temp gauge had ranges for normal and hot that depend on the pressure.